7H Tours in association with Andhra Pradesh Tourism is launched  two days and two night’s Vijayawada-Tirupati tour package from March 07th 2020 to enable devotees pay obeisance to Lord Balaji. The new tour package will commence from March 10th 2020. The trip would start from Vijayawada at 22:30 and reach Tirupati by early morning next day at 06:30, they would fresh up at newly constructed Padmavathi Nilayam at Tiruchanoor road, Tirupati. A new Volvo Multi Axle bus with seater capacity of 46 is purchased recently. Vizag Tirupati Bus Package  was started on 04th of March as published on Weibo

AP Tourism MD stated We are very happy with the passengers’ response.  A full house in the upcoming days is like a cherry on the cake,” ... Read more »

Even as the midcap index has returned more than 40% since January, a few stocks have run up by nearly 50% in the same period. One such stock, the shares of Timken India have run up by nearly 49% since January. HDFC Securitieshas a buy rating on the shares with a target price of Rs 1,054. Timken India shares closed at Rs 896.95 on NSE this afternoon. The brokerage firm’s target price implies an upside of nearly 18% from the current market prices.

“Timken India is among the leading manufacturers of tapered roller bearings in India. The acquisition of ABC Bearings has further strengthened its position in tapered roller bearings market and provided an entry into wheel-end bearing segment which is estimated to be Rs 400 cr market. Post-acqu ... Read more »

Jindal Stainless Hisar (JSHL), is a Hisar unit of Jindal Stainless (JSL) which got separated due to Asset Monetization Plan (AMP), in 2015. JSHL has an installed capacity of 0.8MT and the group has captured about 50% market share along with 0.8MT of JSL capacity.

JSHL has always been the profitable business even during the turbulent times, due to its focus on value added products. The company is the world’s largest SS producer strips for razor blades and India’s largest producer of coin blanks, catering to Indian and International mint needs.

Going ahead, with the increased focus of the government on improving railway’s in frastructure, metro railways, airport, coupled with the growing usage of cookware is likely to support the growth of stainless steel industry in the domestic market. As per the industry estimates, stainless steel (SS) industry is likely to grow at 8% CAGR ... Read more »

MUMBAI, FEB 8:
Geojit BNP Paribas Financial Services has announced the exit of Paris-based BNP Paribas from the board following the latter’s 100 per cent acquisition in stock broking firm Sharekhan in November. However, BNP will remain in the company as a financial investor, AP Kurian, Chairman of the company, said in a press conference here.

As a result of BNP's exit as its business partner, Geojit has renamed itself as Geojit Financial Services and also changed its logo. The company has already taken required approvals for the change. On being asked whether the company plans to buy back BNP’s stake or look for a new tie-up, C J George, Managing Director, denied comment on any such plans.

As on December 31, BNP held 32.59 per cent stake in the company. BNP became the single ... Read more »

NBCC India Ltd. is likely to remain unscathed by the corruption charges leveled against it, as the amount involved is insignificant compared to the size of the company, according to analysts.

The Central Bureau of Investigation on Friday filed a case against NBCC India Chairman Anoop Kumar Mittal and four others for alleged corruption in a redevelopment project of the ITPO Complex at Pragati Maidan in New Delhi.

The alleged corruption amount of Rs 2,150 crore for a company with an order backlog of $12 billion (Rs 76,885 crore), and a market capitalisation of $3.5 billion is a non-starter by all measures, Rohit Natrajan, analyst-institutional equities at IDBI Capital Markets, told BloombergQuint. It is unclear if the prosecution can prove criminal conspiracy under Section 120B easily, and even if they do, it’s a long drawn legal battle, he said.

The case involves the allotment o ... Read more »

Despite events/factors, such as State elections, likely populist Budget, US Fed rate hikes, economic revival in developed economies and current domestic macro concerns including economic slowdown, high inflation and weak earnings, Sharekhan is positive on the Indian equity markets for the new year.

This is because data points such as automobile sales, inland freight traffic, airlines passenger traffic, hotel occupancy rates and electricity generation indicate that the current slowdown is temporary. Moreover, the government’s measures such as recapitalisation of public sector banksand the ₹7 lakh-crore road construction plan will help boost the economy. Also, the rural economy is looking up, thanks to normal monsoons and rise in wage rates.

All these plus the fading impact of demonetisation and GST are expected to lead to revival in corporate earnings, going ahead, ... Read more »

Daily Market Wrap Up by Mr. Sameet Chavan (Chief Analyst-Technical and Derivatives, Angel Broking):

"Despite North Korea missile test, our markets opened on a flat note; but, one would also think from a different point of view that a massive overnight rally in US bourses did not have any rub off effect as we saw index remaining under pressure for the major part of the day. In fact, due to some tail end selling, Nifty sneaked tad below the 10350 mark.

With reference to previous articles, the index is clearly respecting the 10405 mark and is facing tremendous challenge to overcome it. We continue to remain slightly on the cautious side as long as index trades below it. Going ahead, we would be closely keeping a track of Tuesday's low of 10340 and any sustainable move below this support would result into further weakness towards the next psychological junction of 10300.

While working at Barclays Capital in Singapore, Amit Gupta was closely watching the financial services space in India and the country’s evolving startup scene. He observed that while the retail investor base in India was growing, the existing brokers lacked effective customer service and the latest technology to scale operations.

On a trip to India, Amit met Parth Nyati at a startup event. Parth at the time was working with brokerage firm Swastika as a software developer, and was also handling customer experience. Both of them shared a common passion for trading. After exchanging ideas on how to address the gap in the trading market for the next few months, the duo launched TradingBells in July 2016.

TradingBells is an Indore-based discount brokering company that offers share, commodity and currency broking services to Indian traders. While delivery-based transactions attract zero brokerage on its ... Read more »

Bengaluru: Asset management firm India Infoline Finance Ltd’s (IIFL) Special Opportunities Fund has acquired a minority stake worth Rs330 crore in mobile game developer and distributor Nazara Technologies, both companies said in a statement on Friday.

The stake purchase comes after WestBridge Capital-backed Nazara announced in September 2017 that it would take the initial public offering route to raise Rs1,000 crore by the end of the current financial year.

Nazara was founded in 2000 by Nitish Mittersain. He previously worked with the global trade body Mobile Ecosystem Forum as its Board Director.

It has made undisclosed investments in other mobile game development firms including Moong Labs in August 2017 and Truly Social in April 2016.

“We at Nazara welcome IIFL to join us on the exciting journey of tapping into t ... Read more »

Major moves for SAMCO with €2 million Irish expansion and new Chilean deal agreed
SAMCO has signed a €1.5 million contract with a Chilean dairy co-op on the same day it broke ground on its €2 million expansion in Adare, Co. Limerick.

The company’s new Chilean partners visited SAMCO in Ireland before signing on the dotted line in the Dunraven Arms, Co. Limerick, on Tuesday evening last, November 28.

For those unfamiliar with the Shine family’s company, its flagship ‘SAMCO System’ integrates three machines into one.

It sows the seed, sprays the ground with a pre-emergence herbicide and covers the embedded seed with a degradable film. This film is proven to increase temperature – which “promotes&rdq ... Read more »